Venezuela: Tobacco Market 2024

Tobacco Market Size in Venezuela

The Venezuelan tobacco market was estimated at $X in 2022, leveling off at the previous year. Overall, consumption, however, continues to indicate a noticeable setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Tobacco Production in Venezuela

In value terms, tobacco production totaled $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Tobacco Exports

Exports from Venezuela

For the tenth consecutive year, Venezuela recorded decline in shipments abroad of tobacco (smoking tobacco, chewing tobacco, snuff), which decreased by X% to X tons in 2022. In general, exports showed a deep slump. The smallest decline of X% was in 2020. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, tobacco exports reduced to $X in 2022. Over the period under review, exports saw a deep reduction. The smallest decline of X% was in 2020. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tons) was the main destination for tobacco exports from Venezuela, with a X% share of total exports. Moreover, tobacco exports to Lithuania exceeded the volume sent to the second major destination, Belgium (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for tobacco exported from Venezuela were the Netherlands ($X), Germany ($X) and Lithuania ($X), together accounting for X% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average tobacco export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price recorded a noticeable shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tobacco Imports

Imports into Venezuela

In 2022, purchases abroad of tobacco (smoking tobacco, chewing tobacco, snuff) increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, tobacco imports soared to $X in 2022. In general, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Brazil (X tons) and Colombia (X tons) were the main suppliers of tobacco imports to Venezuela, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of tobacco (smoking tobacco, chewing tobacco, snuff) to Venezuela, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average tobacco import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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